Ken Markison to Retire…Again!

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MBA recently announced two promotions in their regulatory arena.

Justin Wiseman is being promoted to Associate Vice President & Marketing Regulatory Counsel, and Sara Singhas is being promoted to Associate Regulatory Counsel, mainly responsible for all servicing issues. Congrats to both!

These promotions are the result of the retirement of Ken Markinson, current MBA Vice President, and Regulatory Counsel.

Well as they say, “It takes two, baby.”  At least two people (probably more) will be sharing the responsibilities needed to replace what Ken does at MBA.

No one can replace who he is and what he means to MBA and the mortgage banking industry.

I’ve served on many conference panels, task forces, and industry call groups with Ken over the years. He is a true professional and unparalleled in his regulatory knowledge and expertise.

Ken joined MBA after serving 32 years in HUD’s Office of General Counsel in 2004. He was the main architect of HUD’s first RESPA Reform Rule. Does anyone remember that?

Luckily for us, Ken will be embarking on a new venture starting his consulting practice in September. That’s great news for mortgage banking and for those who choose to continue to take advantage of his knowledge.

The difference is that now you’ll need to pay. I believe it will be well worth the price.

Ken is also a really great guy with a great sense of humor. He will be missed by MBA.

All the best to you, Ken. You deserve it!

About the Author

Michael Vitali

Michael L. Vitali – Independent Consultant to the Mortgage Industry Mike Vitali is an independent consultant to the mortgage industry on matters concerning compliance and mortgage lending. He most recently served as the Senior Vice President and Chief Compliance Officer for LoanLogics, monitoring regulatory developments and their practical implications for the mortgage lending industry. His duties included research, interpretation, and analysis of existing and proposed legislation related to the industry in support of recommendations for policy and/or procedure changes to maintain continued quality and compliance with all applicable laws, rules and regulations, investor requirements, and standard mortgage practices. In his more than 40 years in the mortgage industry, in senior level management, he has gained experience in all areas of mortgage lending, risk management, and compliance. Mike is a past President of the MBA of Greater Philadelphia, is a charter member and was the second Chairman of the MBA of Pennsylvania, and a past board member and Legislative Chair of both associations. He is a recipient of the 1998 Mortgage Banker of the Year Award from the MBA of Greater Philadelphia, and the 2003 Chairman's Award from the MBA of PA, and currently serves on several compliance related task forces for MBA.